Afrox calls for policy certainty on mining legislation, land reform and SOEs
Afrox MD Schalk Venter has called on the government to reduce uncertainty about mining legislation, land reform and state-owned enterprises as it seeks to pull the economy out of a recession. Venter, head of Sub-Saharan Africa’s largest industrial gases company, joins a growing group of executives agitating for policy certainty in key sectors. He was commenting on President Cyril Ramaphosa and finance minister Nhlanhla Nene’s optimism about getting the country out of the recession. Venter wants the government to act over factors stifling investment and pushing the economy to the edge. "Optimism is one thing. The key thing is what the government is doing around the mining legislation, state-owned enterprises and land reform. There must be policy certainty," Venter said on Monday.
Tepid economic growth has put key sectors on the back foot, forcing companies to reduce costs and cut expenses. Afrox’s Hard Goods business — which services the mining, iron and steel, and manufacturin...
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